Net Worth. The term “net worth” means the excess of total assets over total liabilities (including personal and real property, but excluding the estimated fair market value of a person’s primary home).
Net Worth. Borrower will at all times maintain a net worth of at least the amount set forth in Section 8(b) of Schedule A.
Net Worth. Net Worth" shall mean the assets of a Person minus the liabilities of the Person, as of a given date as determined in accordance with generally accepted accounting principles, consistently applied with prior periods.
Net Worth. The Company will not permit its Net Worth at any time to be less than $475,000,000.
Net Worth. At all times, as tested at the end of each fiscal quarter and any other date of measurement, the Consolidated Tangible Net Worth of the Borrower and its Subsidiaries shall not be less than the sum of (i) $690,289,992 plus (ii) 80% of the aggregate proceeds received by the Trust (net of fees and expenses customarily incurred in transactions of such type) in connection with any offering of stock in the Trust, plus (iii) 80% of the aggregate value of operating units issued by the Borrower in connection with asset or stock acquisitions (valued at the time of issuance by reference to the terms of the agreement pursuant to which such units are issued), in each case after the Closing Date and on or prior to the date such determination of Consolidated Net Worth is made.
Net Worth. AIG agrees that it shall cause AIG Life to have at all times during the term of this Agreement a policyholders surplus of not less than one million dollars ($1,000,000) or such greater amount as shall be sufficient to enable AIG Life to perform the obligations under any policy issued by AIG Life.
Net Worth. Support Provider hereby represents to Guarantor and Sunoco LP that it will maintain net assets (excluding any interest in Guarantor and Sunoco LP held by Support Provider) with a fair market value equal to or greater than the amount of the Support Cap and in the event Support Provider disposes of, transfers, or conveys any of its assets, except with respect to distributions permitted in clause (b) below, it shall, if necessary, promptly replace such assets so as to have net assets (excluding any interest in Guarantor and Sunoco LP held by Support Provider) with a fair market value equal to or greater than the amount of the Support Cap. Support Provider shall provide a certificate to Guarantor and the Trustee on an annual basis (beginning on the first anniversary of this Agreement and until the Supported Debt has been paid in full) providing that it is in full compliance with this Section 7(a).
Net Worth. Maintain an excess of Consolidated total assets over Consolidated total liabilities of the Borrower and its Subsidiaries of not less than $400,000,000.
Net Worth. Borrower will not at any time allow its net worth, as computed in accordance with GAAP, to fall below $4,000,000.00.
Net Worth. The Borrower shall at all times maintain Net Worth in an amount not less than the sum of (a) $65,000,000, plus (b) 50% of Net Income for each fiscal quarter of the Borrower ending after July 1, 2000 (i.e., commencing with the fiscal quarter beginning July 2, 2000), for which such Net Income is a positive amount (i.e., there shall be no reduction to the minimum amount of Net Worth required to be maintained hereunder for any fiscal quarter in which Net Income is less than zero).
